Ricardo Salinas, the third-richest person in Mexico ๐ฒ๐ฝ, believes that Bitcoin is becoming a new global reserve asset and will soon surpass gold.
He emphasized that the current price of Bitcoin is around $105,000 per coin, with a maximum supply of 21 million, of which approximately 20 million have already been mined. The total market value of all Bitcoin is now over $2 trillion, while the total value of gold worldwide is about $16 trillion.
Therefore, for Bitcoin to match goldโs role as a store of value, its price would need to increase at least 8 times from the current level. The trend of comparing gold vs. Bitcoin is clearly shifting in favor of Bitcoin, and this becomes very apparent when looking at the long-term chart.
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โ ๏ธ Information is for reference only. Always do your own research before investing.
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